Brokerages Set CuriosityStream Inc. (NASDAQ:CURI) Price Target at $6.00

CuriosityStream Inc. (NASDAQ:CURI) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $6.00.

CURI has been the topic of a number of research reports. Singular Research raised shares of CuriosityStream to a “strong-buy” rating in a report on Monday, June 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of CuriosityStream in a report on Tuesday. Finally, Barrington Research dropped their price objective on shares of CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a report on Friday, May 15th.

CuriosityStream Stock Performance

Shares of NASDAQ:CURI opened at $2.54 on Wednesday. The stock has a market capitalization of $149.78 million, a price-to-earnings ratio of -19.54 and a beta of 1.75. CuriosityStream has a 1-year low of $2.30 and a 1-year high of $5.88. The company’s fifty day moving average is $3.03 and its two-hundred day moving average is $3.45.

CuriosityStream (NASDAQ:CURI) last issued its earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The company had revenue of $15.16 million for the quarter, compared to analysts’ expectations of $16.79 million. CuriosityStream had a negative net margin of 11.26% and a negative return on equity of 18.46%. Sell-side analysts expect that CuriosityStream will post 0.07 EPS for the current fiscal year.

CuriosityStream Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Investors of record on Friday, June 5th will be issued a $0.085 dividend. This is a boost from CuriosityStream’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 13.4%. CuriosityStream’s dividend payout ratio is -261.54%.

Insider Buying and Selling at CuriosityStream

In related news, CEO Clinton Larry Stinchcomb bought 94,256 shares of the stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of $2.74 per share, with a total value of $258,261.44. Following the purchase, the chief executive officer owned 2,945,516 shares in the company, valued at approximately $8,070,713.84. This represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 31.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CuriosityStream

Several large investors have recently bought and sold shares of CURI. State of Alaska Department of Revenue bought a new position in shares of CuriosityStream during the 4th quarter valued at about $35,000. Mangrove Partners IM LLC acquired a new stake in shares of CuriosityStream during the fourth quarter worth approximately $42,000. Quarry LP acquired a new stake in shares of CuriosityStream during the third quarter worth approximately $45,000. Schonfeld Strategic Advisors LLC boosted its holdings in shares of CuriosityStream by 30.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock worth $50,000 after purchasing an additional 3,115 shares during the period. Finally, Diversify Wealth Management LLC acquired a new stake in shares of CuriosityStream during the first quarter worth approximately $53,000. Institutional investors and hedge funds own 6.79% of the company’s stock.

CuriosityStream Company Profile

CuriosityStream, Inc (NASDAQ: CURI) is a global streaming media company specializing in factual content across science, nature, history and technology. Founded in 2015 by John Hendricks, the founder of the Discovery Channel, CuriosityStream offers on-demand documentaries, series and short-form programming designed to inform and entertain viewers with high-quality educational content. The company’s library features both original productions and licensed titles, covering topics such as space exploration, wildlife conservation, archaeology and cutting-edge scientific research.

Since its launch, CuriosityStream has expanded its reach to subscribers in more than 175 countries, delivering content in multiple languages and via a range of platforms.